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    Technical analysis for the GBPUSD on 08.05.2015

    The GBPUSD has refreshed its last week’s high at 1.5497

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 200 pips Max. 1.5555

    Min. 1.5270

    gbpusd5

    The British pound can surprise. The price soared up without any particular reasons, breaking  strong 1.5455 resistance on the way and refreshing the previous high at 1.5497.

    Trading is currently carried out above the 1.5455 mark, which is already acting as a tough support.

    If bulls manage to hold above this level before the American session, the uptrend will continue.

    Potential growth targets are situated at 1.5520, 1.5600.

    Alternative scenario: retracement below the 1.5455 support will trigger a short-term correction.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

    The GBPUSD has refreshed its last week’s high at 1.5497

    Direction Period Expected price movement Price movement corridor
    ↓↑ 1 day ≈ 200 pips Max. 1.5555

    Min. 1.5270

    gbpusd5

    The British pound can surprise. The price soared up without any particular reasons, breaking  strong 1.5455 resistance on the way and refreshing the previous high at 1.5497.

    Trading is currently carried out above the 1.5455 mark, which is already acting as a tough support.

    If bulls manage to hold above this level before the American session, the uptrend will continue.

    Potential growth targets are situated at 1.5520, 1.5600.

    Alternative scenario: retracement below the 1.5455 support will trigger a short-term correction.

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!


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